2-bed · 1,405 sqftRimal 1, Jumeirah Beach Residence · 28th floor · completed 2007

2804, Rimal 1

Sold prices and rental history: sold twice, last in February 2019, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2804 · DLD and Ejari recordsUpdated 1 January 2020
Last soldAED 1.57M26 February 2019
Current rentAED 195K /yr1 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2804, Rimal 1

What is 2804 worth today?

Last sold for AED 1,567,578 in 2019

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1 Jan 2020RentedNew contract
AED 195,000/yr12 months · AED 138 per sqft
26 Feb 2019SoldReady
AED 1,567,578AED 1,115 per sqft
1 Jan 2019RentedRenewal
AED 195,000/yr12 months · AED 138 per sqft
1 Jan 2018RentedNew contract
AED 195,000/yr12 months · AED 138 per sqft
1 Jan 2017RentedNew contract
AED 195,000/yr12 months · AED 138 per sqft
1 Jul 2015RentedNew contract
AED 130,000/yr12 months · AED 92 per sqft
20 Sep 2014RentedNew contract
AED 125,000/yr12 months · AED 89 per sqft
1 Nov 2007Sold by developerReady
AED 599,000AED 426 per sqft

Source: Dubai Land Department. Updated 1 January 2020.

Key facts

Type
2-bed apartment
Size
1,405 sqft
Floor
28th of 47
Parking
B742
Developer
Dubai Properties
Completed
2007
Service charge
AED 22,100 /yr
Last sold
AED 1.57M · February 2019
Building
Rimal 1

About 2804, Rimal 1

2804 is a two-bedroom apartment of 1,405 sqft on the 28th floor of Rimal 1, a 47-storey tower in Jumeirah Beach Residence completed in 2007 by Dubai Properties. It last sold on 26 February 2019 for AED 1,567,578, or AED 1,115 per sqft, in line with the AED 1,115 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 1 January 2020, is AED 195,000 a year: a gross yield of 12.4% on the 2019 price, before the service charge of about AED 22,100 a year.

Sales and rents for 2804 over time

Sales
Unit 2804, each saleTypical two-bed in Rimal 1
1M2M20072012201720222027Typical sale price by year: 2007 AED 820,000; 2008 AED 830,000; 2009 AED 1,250,000; 2010 AED 1,440,000; 2011 AED 1,240,000; 2012 AED 1,375,000; 2013 AED 1,550,000; 2014 AED 2,300,000; 2015 AED 2,000,000; 2016 AED 1,725,000; 2017 AED 1,800,000; 2018 AED 1,600,000; 2019 AED 1,315,000; 2020 AED 1,175,000; 2021 AED 1,411,111; 2022 AED 1,800,000; 2023 AED 1,797,500; 2024 AED 2,085,000; 2025 AED 2,075,000; 2026 AED 1,950,000Sold by developer, November 2007: AED 599,000 (AED 426 per sqft)Sold, February 2019: AED 1,567,578 (AED 1,115 per sqft)

2804 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2804, each contractTypical two-bed in Rimal 1
100K200K2012201620202024Typical rent by year: 2012 AED 109,844; 2013 AED 111,406; 2014 AED 126,500; 2015 AED 132,563; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 114,000; 2019 AED 100,000; 2020 AED 85,000; 2021 AED 80,000; 2022 AED 94,938; 2023 AED 120,500; 2024 AED 130,000; 2025 AED 135,000; 2026 AED 126,000New contract, September 2014: AED 125,000 a yearNew contract, July 2015: AED 130,000 a yearNew contract, January 2017: AED 195,000 a yearNew contract, January 2018: AED 195,000 a yearRenewal, January 2019: AED 195,000 a yearNew contract, January 2020: AED 195,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Rimal 1, and where 2804 sits

All 211 2-beds →

2804 last sold in February 2019 at AED 1,115 per sqft, in line with what two-beds in Rimal 1 were fetching at the time (AED 1,115). Over the last 12 months two-beds sold for AED 1,682,377 to 3,150,000, around AED 1,478 per sqft, and rent for AED 70,296 to 280,000 a year. 2804's AED 195,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Oct 20261,682,377
9 Oct 20261,850,000
29 Sep 20262,250,000
23 Sep 20261,900,000
12 2-bed sales in the last 12 months

Rimal 1

Building

310 apartments, 1-bed to 4-bed over 47 floors in Jumeirah Beach Residence, completed in 2007 by Dubai Properties. 18 sold in the last 12 months.

Typical price per sqft
AED 1,478 Up 1.4%
Typical sale
AED 2.25M
Typical rent
AED 130K /yr
Typical yield
6.2%
Rimal 1, Jumeirah Beach Residence: prices, sales and rents →

Other units on the 28th floor

All 310 units in Rimal 1
Value
28012-bedAED 2.85M · Jun 2008
28022-bedAED 2.35M · Apr 2014
28032-bedAED 2.33M · May 2015
28052-bedAED 2.25M · Jan 2014
28062-bedAED 1.37M · Jul 2021
28072-bedAED 2M · Sep 2025
28082-bedAED 1.07M · Aug 2013

2804, Rimal 1 in numbers

  • Sold twice: first on 1 November 2007 for AED 599,000, last on 26 February 2019 for AED 1,567,578 (AED 1,115 per sqft).
  • Rented since September 2014 on 6 Ejari contracts, from AED 125,000 to AED 195,000 a year.
  • At AED 195,000 a year the gross yield on the 2019 price is 12.4%, before a service charge of about AED 22,100 a year (AED 15.73 per sqft).
  • Two-beds in Rimal 1 sold for AED 1,682,377–3,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,478 per sqft.

Source: Dubai Land Department. Updated 1 January 2020.

Questions about 2804, Rimal 1

What did unit 2804 last sell for?

AED 1,567,578 on 26 February 2019: AED 1,115 per sqft for 1,405 sqft. The unit has 2 registered sales; the first was AED 599,000 in November 2007.

What is the rent for unit 2804?

AED 195,000 a year on the contract signed on 1 January 2020. The previous contract, from January 2019, was AED 195,000; the unit has been rented since September 2014.

How big is unit 2804?

1,405 sqft (130.5 sqm): a two-bedroom apartment on the 28th floor of a 47-storey tower completed in 2007.

What is unit 2804 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Rimal 1 sold for AED 1,682,377 to 3,150,000 in the last 12 months, around AED 1,478 per sqft.

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Mortgage on 2804, Rimal 1

Starts from the last sale price (AED 1.57M, 26 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,567,578
Deposit, UAE resident (20%)
AED 313,516
Deposit, non-resident (40%)
AED 627,031
Monthly over 25 years at 3.7%
AED 6,413

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →